North America

Iran is also preparing to resume its exports and trade. This comes as U.S. president Donald Trump recently welcomed the return of oil from Gulf allies. Shipping data shows that at least three tankers, each carrying?some 5 million barrels of Iranian crude oil, have passed through the U.S. Naval Blockade in the past week. This is despite the U.S. Military saying it will continue its operations to block Iran-linked ships until Friday. The oil market is focused on the deal that Trump announced on 14 June and which will be signed in Switzerland on Friday. Trump posted on Sunday,?Sunday, that...

Ronald Reagan 'Washington National Airport is closing on July 4 at noon EST (1600 GMT), due to 250th U.S. Anniversary events in the Capital Region, including a flyover by the military. This was announced Tuesday by the Metropolitan Washington Airports Authority. The airport in Virginia, near Washington, D.C., is also scheduled to close for several hours for rehearsals on the 3rd of July. The closures will result in hundreds of cancelled flights. Airport?is anticipated to reopen?early?on?July 5. United Airlines has said that it "planned for this and has scheduled accordingly to ensure there is no customer impact." Washington Airport faced...

The Netherlands' transport minister denied on Tuesday that the influential 'RDW' authority had used statistics provided by Tesla to approve the "Full Self Driving" software of the company for use on Dutch highways. RDW approved Tesla's software on 10 April, a European-first. It said it thought it would contribute to safety. The agency has requested that the European Union approve FSD for use in the entire 27-nation block. This led to preliminary approvals being granted to Belgium, Denmark and Estonia. Minister Vincent Karremans who oversees infrastructure faced questions in parliament after a report that claimed Tesla had misled the RDW...

The U.S. Transportation Department announced Tuesday that Saudi Arabia's Riyadh Air won the rights to fly to and from the United States. Last week, the airline began its first London flight using its new Boeing fleet. Riyadh Air, Saudi Arabia's next national airline, will be launched in 2023. It is owned by Saudia's Public Investment Fund. USDOT stated that "the grant of this authority is in the public's interest." Riyadh Air informed the?USDOT last month when it requested approval that it intended to operate to more than 100 destinations Delta Air Lines, for example, has or is planning partnerships with...

American Airlines announced Friday that it would resume flights to Haiti on 1 November after major U.S. airlines ceased service in the Caribbean nation by late 2024. American will resume service in Haiti this fall. It is the first U.S. airline to announce that it would be resuming its service. Since November 2024, the U.S. Federal Aviation Administration (FAA) has banned flights to Port-au-Prince in Haiti's capital due to a perceived threat from "armed groups" to civil aviation. Later, the FAA allowed flights to resume at'six other airports located in northern Haiti. But it kept its ban on Port-au-Prince. Haiti...

India has removed licensing requirements for radio frequency used in crash-avoidance systems and self-driving cars. This removes a commercial barrier to automakers, as the country seeks safer roads. India, which is the third-largest car market in the world, has reported over 177,000 road deaths in 2024. The government announced on Thursday that it would waive the licence requirements for radar sensor in the frequency range 77GHz-81GHz, allowing businesses to use spectrum without a separate allocation from authorities. Separate notices were issued for systems operating in the 5.9 GHz range, which allow vehicles to 'communicate' with one another and with roadside...

Mexico's Grupo Mexico Transportes (GMXT), has signed a contract with the United States. Wabtec, a rail technology company, will bid jointly for Argentine's state-run cargo operator Belgrano Cargas y Logistica BCYL (BCYL), a GMXT employee said on Thursday. Source requested anonymity as they were not authorized by GMXT to discuss the deal. The privatization of BCYL, which is proposed by President Javier Milei, is part of his drive to transfer state owned companies into private ownership. Argentina will soon publish the documents for the privatization of BCYL. BCYL operates three of the largest freight trains in Argentina. The company didn't...

U.S. president Donald Trump had threatened earlier this year to block the crossing. The U.S. government and Canada have now decided to postpone the opening of the $4.7 billion bridge that connects Detroit, Michigan and Windsor, Ontario. According to invitations, a formal ribbon-cutting was planned for Friday at the Gordie Howe international bridge. Windsor-Detroit Bridge Authority: "Canada and the United States agreed to delay opening the bridge. They will take the time necessary to resolve any outstanding issues." WindsorMayor Drew Dilkens told X that although officials wanted to?see this bridge open, Canada did not have to beg for it. Pete...

The Indian shipping ministry confirmed that all 20 crew members are'safe' after a suspected U.S. attack on the 'asphalt-tanker Jalveer, off Oman. This follows two other similar strikes in the region this week. Three Indian sailors were killed in a U.S. attack on the Settebello oil tanker off Oman one day earlier. British maritime risk management firm Vanguard? said that the Jalveer, a vessel flying the flag of Guinea-Bissau, sent out a distress signal after an engine room fire and a funnel caught on fire. Officials from the Indian Shipping Ministry said that the crew was being evacuated with coordination...

Ship-tracking data showed that three more liquefied gas tankers left the Strait of Hormuz without their transponders and were heading to destinations in 'Asia. However, it is unclear when exactly they made this 'transit. The United States and Iran exchanged air attacks on Thursday for the second day in a row, with U.S. president Donald Trump threatening further?strikes until Tehran accepts a peace agreement and Washington claiming it 'fired on an Iranian oil vessel. QatarEnergy-controlled tankers Lebrethah (left) and?Rasheeda (right) were last spotted west of the Strait on June 1, and April 30, respectively. They carried?cargoes that had been loaded...

The Indian Embassy in Oman reported that India had?reported a ship incident off the port of Shinas in Oman earlier Thursday. This was a day after a U.S. led attack on another vessel killed three Indian seafarers. This was the third incident of this kind in the last week. The U.S. military claimed to have attacked MT Marivex, and?Settebello. Both vessels were manned by Indian seafarers. The Indian Embassy in Oman has not specified if there were Indian seafarers aboard the vessel that was involved in the incident on Thursday. The Indian Embassy in Oman posted on social media that...

The U.S. agency said that the proposed '250-foot (76m) tall Independence Arch of President Donald Trump would require red safety lights, but it 'would not have any impact on safety at Reagan Washington National Airport. Federal Aviation Administration will conduct an aeronautical study next in coordination with National Park Service. According to the preliminary review, Washington's arch would require red obstruction lights. The arch would be 3,000 feet from Reagan National Airport and in the main departure and approach corridor. The FAA requires that buildings over 200 feet from airports have red blinking warning lights to alert?pilots during the night....

The International Energy Agency reported on Wednesday that the United Arab Emirates could have a production of more than 5 million?bpd in 2015 as it moves to increase its output after?its 'exit from OPEC. This would make it a major contributor to non-OPEC+ growth. The UAE announced its decision to exit OPEC earlier this year. It was made in order to prioritise production capacity expansion, maximise the value of their resources and free output from the 'constraints' of the group quotas. The IEA has forecast that the total oil production in 2027 will reach 5.2 millions barrels per day, an...

Two industry sources confirmed that a Moscow oil refinery stopped operations on Tuesday after a?Ukrainian drone attack. Sources said that the strike was claimed by Ukraine and caused a fire at the primary refinery CDU-6, which can process 21,400 metric tonnes of oil per day. This is 53% of its capacity. Sources who requested anonymity as they were not authorised to speak in public said that the refinery is expected to resume its operations at its second primary unit soon. This unit can process 18,800 tons per day. The local?emergency service said earlier on Tuesday that the fire at the...

?U.S. The spot price of natural gas for Tuesday at the Waha Hub, in West Texas, turned positive for the first time since February. This is because the demand for fuel has increased with the arrival of summer air conditioning and as energy firms are finishing spring pipeline maintenance. Electric companies use more gas during summer as businesses and homes crank up the air conditioners. Gas-fired power plants account for about 40% of U.S. electricity generation. Prior to Tuesday, Waha's next-day price had been below zero for an unprecedented?90 consecutive days as pipeline restrictions from spring maintenance trapped the gas...

The British tax authority won an appeal on Friday?in a dispute with Estonian 'ride-hailing' and food delivery company Bolt. This ruling could impact Uber's case, which is worth more than PS1 billion ($1.3billion). Bolt argued that in its PS190million dispute with HM Revenue and Customs, it was liable to charge a 20% value added tax on its'margin' rather than the total fare charged by customers. The London Court of Appeal, however, ruled in HMRC’s favor and overturned two lower tribunal decisions. Bolt was told by the court that it could not use a tax system originally intended for tour operators...

Two industry sources reported that the Caspian Pipeline Consortium (CPC) had a record oil loading of?7.187 millions metric tons (or about?1.83million barrels per day). This was due to a higher production at?Kazakhstan?s giant Tengiz?oilfield following temporary maintenance. The oil output of the Tengiz Field was reduced for several days by a malfunctioning power transformer at the end May. However, it was restored. Calculations showed that daily CPC Blend oil loads rose by 10% from April to May. In April, loadings totaled 6.314 millions tons or 1.67 million barrels per day. One source said that the CPC system saw a rise...

United States is now the largest oil exporter in the world, upending decades-old orders long dominated Saudi Arabia and Russia. This?shift tightens American firms' grip on global energy markets, as Washington's War with Iran reshapes international energy trade. The United States' rise to the top of the oil exporters list is a dramatic reversal. For decades, America was reliant on Middle Eastern oil and had to endure an oil embargo imposed in 1973 by some OPEC countries as a retaliation for U.S. support for?Israel. After 2010, the U.S. fortunes changed when the oil and gas production from its shale deposits...

PJM Interconnection, a U.S. grid operator, announced on Wednesday that the Federal Energy Regulatory Commission had approved the expedited interconnection process. This temporary process is designed to 'advance large projects of a significant size in order to meet the urgent demand for additional capacity resources. According to the Energy Information Administration (EIA), U.S. electricity consumption, which reached its second consecutive annual record in 2025, is expected to?rise even further in 2026 or 2027 due in part by AI-hungry data centers and electrification. The approval comes at a time when PJM, along with states?across the footprint of PJM, are seeking to...

These are the top stories from?the New York Times Business Pages. ? These stories have not been?verified? and we cannot vouch for the accuracy of these reports. Anthropic has released a public version its Mythos AI model. However, it will be restricted from being used in high-risk areas like cybersecurity. This is after an earlier preview this year caused a global stir with its ability to detect'software flaws. General Motors is releasing software that will allow some U.S. owners of electric vehicles to send power back to the grid. This is another example of auto companies seeking business opportunities in...

Three trading sources have confirmed that the Caspian Pipeline Consortium plans to export 1.7 million barrels of CPC Blend crude per day in June, compared with an initial estimate of 1.45 million barrels. They said that maintenance at Kazakhstan's Kashagan field was postponed, and production at Tengiz, the country's oilfield, has been restored following a technical problem in May, which resulted in the higher forecast. The initial June plan was revised upwards by 17%. According to calculations, the?May?loading plan was expected to reach a multi-month peak. Calculations show that the May loading plan would reach a multi-month high of 1.8...

Alberta touts its abundance of cheap fossil fuels in order to entice companies to build data centers to support the AI boom. This would undermine Canada's plans to link data center expansion with clean energy development. Canada is the world’s?fifth largest producer of natural gases, with around 60% coming from?Alberta. The western province has a lot of fossil fuels, but also a cooler climate that can offset the costs of cooling data center infrastructure. All of this can make data center operations more cost-effective than in the United States where communities and legislators are pushing back. Tech companies may also...

Freeport LNG’s export -plant in Texas is on track to 'take in more natural...gas on Monday, after one of its three liquefaction trains?shut?down?"on Saturday. Freeport's liquefied gas export plant is closely watched by the global market because its shutdown and restart have caused huge price swings. Gas prices usually drop when Freeport closes. Gas prices typically drop when demand for fuel from Freeport's?plant decreases. When liquefaction trains restart at Freeport, U.S. prices of gas usually increase as demand increases. This, however, has not happened?sofar on Monday. Gas prices are down about 3% on Monday, but not because of Freeport. Freeport...

The?U.S. The?U.S. According to a FAA notice, the ground stop was from 9:53 pm to 11:15 pm PDT (0435 - 0615 GMT on Monday). The ban was lifted a little before the end. The airport didn't immediately respond to our request for a comment. According to the airport's website, more than 54 million passengers will travel through SFO by 2025. The airport is home to many airlines, including United Airlines. It also offers many international flights from and to Asia. The FAA announced in March that it would be imposing new safety restrictions on SFO. These would restrict?some landings, and...